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As the nature of work and employment continue changing, new industries develop to meet new needs as old industries and career paths fall away. One thing for certain is that finance jobs--those dealing with money, income, and expenses--will always be in high demand. Despite the shift away from paper money and towards credit and debit cards, the need continues to grow for highly skilled individuals who can manage the financial aspects of businesses, governments, nonprofits, and individuals. A career in the financial sector is one of the best ways to find job security and, frequently, a lucrative career and high quality of life.

Finance Jobs FAQ

1. What Are Finance Jobs?

2. What Credentials Do You Need to Get a Finance Job?

3. What Skills and Personality Traits Do You Need to Get a Finance Job?

4. Where Should I Look for Finance Jobs?

How We Reviewed

These finance jobs were reviewed based on the following parameters: job features, pros & cons, salary, whether it is a growing in-demand position, and where the jobs were located.

Overall Salary Range for Finance Jobs

The salary for finance jobs range drastically since this career field encompasses a wide range of jobs from low-skilled to highly-skilled. Those without a degree might earn less than $30,000 a year to start. Individuals with decades of specialized experience and advanced degrees may earn hundreds of thousands each year, with bonuses on top of that. The majority of positions listed here tend to pay between $40,000 and $80,000 each year.

These numbers will vary depending on the type of company an employee searches out. Fortune 500 companies may be more likely to pay at the high end, whereas nonprofits may pay slightly less than the lower end listed here. Most companies also offer benefits, which increases the gross value of what the position pays its employees.

What We Reviewed

  • Accounts Payable Clerk
  • Staff Accountant
  • Financial Analyst
  • Financial Manager
  • Financial Service Sales
  • Senior Accountant
  • Accounting Clerk
  • Accounts Receivable Specialist
  • Financial Auditor
  • Controller

Accounts Payable Clerk

Job Description

The accounts payable clerk is the person handling invoices and billing for services and expenses. They must be very detail oriented and will be required to accurately record payments and expenses and file records and receipts. This job is going to continue to be in high demand since nearly every business requires someone to handle payments of accounts. An accounts payable clerk position is a great entry-level job for someone looking to break into a finance career.

using a calculator

Salary

$30,000 to $48,000 annually

Pros

  • High demand will continue to grow
  • Entry-level requiring 0-2 years of experience
  • May not require a degree
  • Typically lower stress
  • May offer benefits

Cons

  • Modest pay
  • Low salary ceiling
  • More difficult to transition to analytical jobs

Staff Accountant

Job Description

Staff accountants are another career field in high demand at a range of businesses. Staff accountants handle many levels of a company's financial dealings. They are responsible for developing or tracking budgets, maintaining records of transactions, and analyzing and evaluating the company's finances. Staff accountants will usually help provide financial guidance to the businesses' leaders, but only after attaining seniority.

calculator

Salary

$40,000 to $65,000 annually

Pros

  • High demand at many companies
  • Entry-level requiring 0-2 years of experience
  • Provides a wide range of experience for transitioning to higher-level jobs
  • Usually low stress workload
  • Typically offers benefits

Cons

  • Often requires a degree
  • Can require presentation skills
  • High stress if the organization is experiencing financial problems

Financial Analyst

Job Description

Financial analysts are the people responsible for tracking and reporting a company's estimated growth and revenues. They may advise on stock performance and will provide guidance on why they predict growth or losses. These jobs tend to be available in major metropolitan areas at firms and companies more heavily tied to the stock markets, either as publicly traded companies or investment management firms.

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Salary

$45,000 to $80,000 annually

Pros

  • High growth rate
  • Good starting salary
  • Excellent experience for moving into senior positions

Cons

  • Less job security than other positions
  • Often high-stress
  • Requires a Bachelor's degree

Finance Manager

Job Description

Finance managers are the ones responsible for the health of the organization's finances. They usually work in larger corporations and report to the Chief Financial Officer. They are responsible for the company's investment activities and developing strategies to achieve organizational goals.

Salary

$65,000 to $200,000 annually

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Pros

  • High level position with many responsibilities
  • Excellent pay and benefits
  • Great for developing business network

Cons

  • High stress position
  • Often requires an advanced degree
  • Requires at least a decade of experience

Financial Service Sales

Job Description

Finance jobs in the service and sales sector typically involve working with companies and individuals to advise and conduct trades of securities, commodities and investments.

Salary

$40,000 to $200,000 annually

man and woman discussing

Pros

  • High ceiling for potential income
  • Experience can translate to senior positions
  • Jobs available in many locations

Cons

  • Must understand advanced mathematics and complex analytical software
  • Usually based on commission and may not offer benefits
  • Need to develop clientele, sometimes by cold-calling
  • Jobs outside major cities tend to pay less

Senior Accountant

Job Description

The senior accountant at most organizations is responsible for a wide variety of duties pertaining to the maintenance of the company's financial and business transactions. This position will often involve managing a team of staff or junior accountants and can have additional administrative duties related to that.

Salary

$55,000 to $95,000 annually

woman teaching something on the board

Pros

  • Good salary
  • Usually provides benefits
  • Wide range of responsibilities
  • Positions available in many regions and locations

Cons

  • May have to manage employees and resolve office disputes
  • May be responsible for administrative duties
  • Usually requires 5 years or more of experience

Accounting Clerk

Job Description

The accounting clerk position is an excellent option from the more widely available entry-level finance jobs. Accounting clerks are responsible for preparing and maintaining records of a company's business and financial transactions. They may also be responsible for preparing reports and accounting records, making sure they are accurate and up to date.

Salary

$28,000 to $45,000 annually

calculator

Pros

  • Entry-level position requiring 0-2 years of experience
  • May not require a degree
  • In demand in many locations
  • Potential for job growth into related positions
  • May offer benefits

Cons

  • Low pay ceiling
  • Limited responsibilities
  • Need to pay close attention to detail

Accounts Receivable Specialist

Job Description

Another entry-level job, the account's receivable specialist is responsible for preparing invoices, bills and customer account statements. The person in this role must reconcile all expenses and maintain the records for the organization to ensure that customers are billed correctly.

Salary

$30,000 to $60,000 annually

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Pros

  • Entry-level position requiring 0-2 years of experience
  • Some experience for transitioning into mid-career positions with greater responsibility
  • Higher pay ceiling than other entry-level positions
  • Most positions offer benefits

Cons

  • Low starting salary
  • Must be highly detail oriented
  • Workload can become tedious

Financial Auditor

Job Description

Key Financial auditors are the individuals working to ensure that a company's finances comply with federal, state and Securities and Exchange Commission regulations and laws. The auditor can help uncover and prevent fraud and will rectify errors before they damage the organization's revenue and reputation.

Salary

$45,000 to 80,000 annually

An Employee using computer

Pros

  • High demand
  • Excellent job security
  • Typically offer great benefits

Cons

  • Can be high stress when dealing with individuals
  • Requires a Bachelor's degree
  • Must be a Certified Public Accountant
  • May require an advanced degree and additional auditor specific certification

Controller

Job Description

This is an excellent position to aspire to. Controllers usually work at larger corporations and have 15 years pf experience or more. They must manage and direct the creation of forecast reports.

Salary

$80,000 to $415,000 annually

group of people having a meeting

Pros

  • Outstanding pay which can include bonuses
  • Satisfying work for analytically-minded individuals
  • Ability to provide immense value directly to your organization

Cons

  • High stress position and workload
  • Requires many years of experience
  • Must have an advanced degree and solid understanding of financial trends and statistical analysis

The Verdict

The best finance jobs for any one person will depend on his or her strengths, education, and experience level. For entry-level applicants without a degree, the best job seems to be accounts receivable specialist. The starting pay and pay ceiling are higher than for other entry-level jobs not requiring a degree.

The best entry-level finance job for those with a degree is in a staff or junior accountant position. The starting pay is much better than many other entry-level jobs, as is the salary ceiling. The staff accountant position is an excellent place to gain experience for advancing your career and moving into more senior positions.

Regardless of which position you might aspire to from among these finance jobs, you're sure to find excellent prospects and job security as you develop your career.

 

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